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Condensed Consolidated Balance Sheets - USD ($)
Jul. 31, 2020
Oct. 31, 2019
Current Assets    
Cash $ 6,813,710 $ 13,521,774
Restricted cash 273,892 52,516
Accounts receivable 1,475,409 7,427,895
Inventory 11,051,145 13,803,025
Commodity derivative instruments 423,773 823,098
Prepaid expenses and other current assets 841,736 534,948
Total current assets 20,879,665 36,163,256
Property, Plant and Equipment    
Property and Equipment, net 53,376,111 58,269,142
Goodwill 1,372,473 1,372,473
Investments 9,271,149 9,327,584
Operating lease right of use asset 20,290,101  
Other Assets 697,254 922,254
Total Assets 105,886,753 106,054,709
Current Liabilities    
Current maturities of long-term debt 2,703,479 1,405,406
Checks drawn in excess of bank balances 685,724  
Accounts payable 4,497,160 11,168,471
Commodity derivative instruments 64,326  
Accrued expenses 1,873,836 780,795
Operating lease, current liabilities 3,628,283  
Total current liabilities 13,452,808 13,354,672
Long-Term Debt, less current portion 10,941,541 6,639,488
Operating Lease, long-term liabilities 16,661,818  
Other Long-Term Liabilities 1,410,443 1,376,000
Commitments and Contingencies
Members' equity attributable to Granite Falls Energy, LLC consists of 30,606 units authorized, issued, and outstanding at both July 31, 2020 and October 31, 2019 52,723,707 65,468,635
Non-controlling interest 10,696,436 19,215,914
Total members' equity 63,420,143 84,684,549
Total Liabilities and Members’ Equity $ 105,886,753 $ 106,054,709